AZ Automotive Poised for Growth After Realigning Finances

CENTERLINE, Mich., Oct. 8 /PRNewswire/ -- AZ Automotive, a Tier One
full-service engineering and production supplier of metal stampings,
assemblies, and modules to automotive manufacturers, is poised for growth
after significantly reducing its debt and realigning its cost structure.

AZ Automotive reduced the leverage in its balance sheet by increasing its
equity and reducing its overall debt by 55 percent. The result makes the
company stronger financially and more competitive. "Today it's no longer
enough to deliver engineering and operations excellence at competitive costs.
In addition, a solid balance sheet is a must to compete in the automotive
supply community, especially now," said Michael J. Alcala, president and CEO.
"At AZ, we have substantially reduced our costs in a variety of ways lowering
our breakeven point on sales by 31 percent while maintaining the highest
levels of quality and service from our manufacturing facilities and
engineering function."

Affiliates managed by Vantage Capital, formerly a majority owner, have
increased their share to 100 percent ownership. Vantage Capital has been
invested in AZ Automotive for the last seven years and remains fully
supportive of the business. GMAC, the senior lender agent to AZ, has financed
the company for the past seven years as well and continues its solid support.
The company is in compliance with its senior loan arrangements, which extend
through March 2012.

Throughout this tough economic time, AZ has continued to provide the highest
levels of quality and delivery service of engineered stampings, assemblies and
modules from its eight manufacturing facilities, five of which are in the
Detroit area. AZ has maintained all of its current production contracts and
has recently been awarded takeover work and new product business.

AZ is now pursuing its growth strategy to diversify its customer base and has
plans to expand its geographic footprint to be near OEM manufacturing
facilities. All of the above complement AZ's value proposition which centers
around engineered product and process solutions primarily for body and chassis
applications.

About AZ Automotive
AZ specializes in engineered metal stampings, assemblies, and modules at
benchmark quality and service levels for the automotive industry in the US and
Canada. AZ Automotive has been in business for 76 years and has complete body
and chassis design and manufacturing capabilities at eight plants located in:
Lenexa, Kan.; Centerline, Mich.; Roseville, Mich.; Sterling Heights, Mich.;
two in Warren, Mich.; and two in London, Ontario.

SOURCE AZ Automotive

Steve Blow, Eisbrenner Public Relations, +1-248-641-1446,
sblow@eisbrenner.com